With new digital ordering capabilities and store improvements, McDonald’s said sales grew globally in the latest quarter: Same-store growth of 6.5 percent around the world was better than expected, while same-store sales in the U.S. grew 5.7 percent to come out ahead of 5 percent...
Cigarette company Imperial Brands has invested in Canadian cannabis company Auxly Cannabis Group to the tune of £75m ($93.2M USD), according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. and Europe by 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As of 2019, swimwear is among the favored startup paths for apparel founders looking to edge into the market. PYMNTS has covered several of them, and they all paddle into the market with some interesting idea or innovation on how to improve a retail experience...
Barneys New York’s bankruptcy filing could come as early as next week, as reports indicate the New York retailer is currently raising financing for said filing. Barneys has been hoping for a path to avoid bankruptcy amid a cash crunch brought on by spiking rents...
Recent days have brought new evidence of the importance of robust loyalty and rewards programs in retail – an area of ongoing innovation, and where merchants of all types can stand apart in a fiercely competitive industry. Get the Full Story Complete the form to...
SpotOn Founder Aparna Srinivasan was inspired to start her company because of her dogs. When she was traveling with them, it was tough for her to find a ride, especially to the airport. To see if other pet owners shared her same pain point, Srinivasan...
As eCommerce sales in Russia gather pace, internet firm Mail.ru and Sberbank plan to invest up to $1 billion or 64 billion rubles in a new taxi services and food delivery joint platform. The joint venture is said to compete with Uber and Yandex.Taxi, Reuters...
The apparel industry is famous, or perhaps more appropriately infamous, for its high and growing level of environmental impact. Globally, consumers purchased 60 percent more clothing as of the year 2018 than they did in the year 2000 – and are keeping the clothes they buy...
